Since last month's summary the world has been turned topsy turvy by the COVID-19 pandemic. However the Greater Phoenix housing market has changed a lot less than you might expect. Yes there are several brand new trends, mostly negative, but the market carried on operat...

Here is our usual table of Cromford® Market Index values for the single-family markets in the 17 largest cities.  In regards to the Comford Market Index, anything over 100 is a sellers' market, 100 is a balanced market and under 100 is a buyers' market.

The supertanker...

In the first few days of last week there was little sign of the pandemic having an effect of the housing market. However, March 19, 20, & 21 (Thursday, Friday and especially, Saturday), has given us much more to chew on. There are a number of effects happening at the s...

No end to AZ housing shortage insights. If thinking of buying or selling, stay educated about the market and work with a professional like the Raegen Johnson Group who are experienced and can help you navigate this unique housing market.

...active supply was counted at just over 12,000 listings for all of Greater Phoenix.  This is down 32% from this time last year and excruciatingly low.

Phoenix is currently the strongest large-city housing market in the USA and this is fueled by inter-state population movements.

Single-family supply is down dramatically from this time last year in most locations. Counting active listings without a contract here is what we find:

  • Gilbert - down 50% from 615 to 307

  • Glendale - down 46% from 574 to 310

  • Mesa - down 45% from 985 to 539

  • ...